We talk to LOTS of people. At Royal Rose Properties, we like to say that we have three different groups of clients: our owners, our tenants, and our contractors. What we mean by ‘clients’ is that when we find a good owner, tenant, or contractor, we want to invest in that relationship and treat them […]
Have you ever spent too long reading Buzzfeed and gotten their title-writing style stuck in your head? “There’s a lot of benefits to renting — the wonderfully funny Adam Conover recently ‘ruined’ home ownership — but that doesn’t mean budgeting is easy, and any smart renter is always on the lookout for ways to avoid […]
Drew’s Law #2: In property management, nothing is ever as simple as it looks — even when you take this rule into account. “Holistic” is a word that has an interesting reputation: either you hear it as a synonym for “snake oil,” or you hear it as a synonym for “comprehensive,” and those two things […]
It’s the lease we…can’t…do? Nah. Last week, we wrote extensively about the many facets of a comprehensive lease agreement. But what we didn’t touch on (and should!) is the number of things that legally cannot appear in a lease. Depending on the precise circumstances, having one or more of these clauses in your lease could […]
Well, OK, it’s the MOST we can do, but we couldn’t let the pun pass us by. #NoApologies The Royal Rose Properties lease is 21 pages long. 13 of those pages are the actual lease agreement itself; the other 8 are supplementary forms and checklists — oh, and the pet policy is a separate 2-page […]
But if you do go nuts, go Macadamia. If you’re a DIY landlord and you’re currently managing several or maybe a dozen properties, chances are you’re either burning the rope at both ends, or you’re reaching the end of your candle. There’s just so many niggling details to take care of! Now, you’re probably […]
Brought to you by University Moving and Storage over in Farmington Hills. Statistically speaking, families that have young children are the most likely to make a cross-country move. Yet young children, who don’t have the conceptual understanding or the coping abilities that adults and teenagers have, may be the most likely to be traumatized by this […]
You don’t HAVE to do these things at Christmastime…but it’s a great landmark to work from. Every property needs regular maintenance, and not all maintenance happens on the same schedule. Some things need to be done monthly, like a basic drive-by-and-look checkup. Some need to be done once a season, or just at the […]
There are just some questions that are too hard to find answers to. Hopefully, these are some of them. Royal Rose Properties is a firm believer in helping out Do-It-Yourself Landlords. From our perspective, the more of you that succeed, the more of you that may eventually get big enough to need our services […]
Strange as it sounds, a short-term investment property is generally intended to last a long time. ‘Short-term,’ here, refers specifically to properties that are intended to be rented out to tenants for short terms — several days, maybe a month on the outside. Short-term properties have become very popular in destination cities as apps […]